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Renters Insurance in Minnesota
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The state of Minnesota requires that all tenants to have a renters insurance policy. Your landlord will make sure this is possible in the leasing agreement, or you will be asked to pay a few dollars for that every week. There are various cheap renters insurance options in Minnesota that give you a more comprehensive package for your money. As with any insurance policy, take time to choose your package. Your insurance company will help you make the right choice. A renters insurance policy from Central Lakes Insurance Brokers in Edina, MN can cover the following:
Your personal belongings such as electronics, clothes, jewelry, and computer equipment are protected and can be replaced if destroyed or damaged in case of the following incidents:
- Fire or lightning
- Certain Natural Disasters
Renters insurance goes a step further to cover your property even if it's not in your home. This can include if your laptop which is at the office or your broken pipe floods your neighbor's residence.
Personal liability coverage
This coverage covers for your friends, family, or guests who may get injured while in your rented property. It also protects you from unwanted lawsuits.
Loss of use coverage
This coverage helps pay for your basic needs as well as your new apartment in case your rented home is damaged by fire or storms. Depending on what you choose from hotel bills, food, clothing, and expenses, renters insurance compensates you for that.
Other types of coverage options covered in renters insurance include:
- Bank forgery coverage: Protects your bank details from fraudsters.
- Other personal items: Protects items stolen from other places including your car or workplace.
- Food: Covers food stored in your fridge in case your fridge got damaged.
- Other people's property: Covers other peoples' items that you have damaged or lost.
Renters insurance is as useful as your home itself. It acts as a guard for you, your family, and property. However, with many options available today, you may need guidance on the best package for your home. Insurance professionals at Central Lakes Insurance Brokers in Edina, MN are all you need. Visit us today for a quote, new policy discussion or queries and our customer service department will be happy to assist you.